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Strategies & Market Trends : Classic TA Workplace

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To: The Freep who wrote (135102)8/3/2006 3:52:55 PM
From: Shack  Read Replies (2) of 209892
 
but I just don't see what's terribly negative in that chart.

I hear ya Freep but the last few weeks notwithstanding, the daily chart is below support (i.e. neckline), below key MA's and as you say is moving up on low volume. The down a few days ago was indeed corrective and I should have taken off the half position, but I still see an overall bearish chart pattern and think the low volume is indeed the clue. Maybe the volume is a bear hook but I think its a tell.

FWIW I did fear it would correct higher which kept me out of a larger position, small consolation so far.

Now if your post is gonna mark the LRCX top, could you at least induce some volume?-g
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